Tax professionals must speak now if they want to increase the chances that California lawmakers enact a bill in 2025 updating state conformity with federal income tax law for the first time in 10 years.
The Senate Revenue and Taxation Committee posted a list on Tuesday of more than 1,000 Internal Revenue Code Provisions, noting whether the state does or doesn’t already conform and making a tentative recommendation about whether the state should do so in 2025. Committee Chief Consultant Colin Grinnell asked practitioners to offer feedback on the list by Jan. 15 in time to craft ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.